FMG 0.40% $22.50 fortescue ltd

Vale said currency depreciation was the main reason for the c1...

  1. 1,228 Posts.
    Vale said currency depreciation was the main reason for the c1 US$11.90 But seems strange when the company still generated an underlying loss of US$1.7 billion for the year but apparently is lower cost than FMG. Toss in the writedowns gets you to a loss of US$12.1 billion.
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